Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow:

Percent complete UnitsMaterials ConversionWork in process inventory, May 176,000100%40%Work in process inventory, May 3156,000100%25%Materials cost in work in process inventory, May 1

$60,000

Conversion cost in work in process inventory, May 1 $17,800Units started into production 258,000Units transferred to the next production department 278,000Materials cost added during May $133,720Conversion cost added during May $256,680

Required:

1. Calculate the first production departments equivalent units of production for materials and conversion for May.
2. Compute the first production departments cost per equivalent unit for materials and conversion for May.
3. Compute the first production departments cost of ending work in process inventory for materials, conversion, and in total for May.
4. Compute the first production departments cost of the units transferred to the next production department for materials, conversion, and in total for May.

Required 1:

Calculate the first production departments equivalent units of production for materials and conversion for May.

MaterialsConversionEquivalent units of production

Required 2:

Compute the first production departments cost per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal place.)

MaterialsConversionCost per equivalent unit

Required 3

Compute the first production departments cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

Materials Conversion TotalCost of ending work in process inventory

Required 4

Compute the first production departments cost of the units transferred to the next production department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.)

MaterialsConversionTotalCost of units completed and transferred out